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Turkish Property Market to Surge on Adoption of New Bill

Image With GDP growth of 6.6% Turkey was officially the fastest growing economy in Europe last year, and this followed an even stronger 8.2% GDP growth in 2010. However, now the government is preparing for and preparing us for a slowdown against the continued misery in the European economy and sluggish growth almost everywhere else. The government says it is aiming for a soft-landing on growth of 4%, that will allow it to focus on shoring up the economy after its incredible couple of years, but some are predicting no such pillows will be laid for it.

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Turkish, US Chiefs of Staff Meet in Washington

Image Turkey and America's top military commanders met on Wednesday in what a spokesman from the US Joint Chiefs of Staff has called a sign of the two nations' deeply rooted strategic ties. Speaking to the Anatolia news agency on Wednesday, Pentagon spokesperson Cdr. Scott McIlnay said Chief of General Staff Necdet Özel met with Gen. Martin Dempsey, chairman of the US Joint Chiefs of Staff, on Wednesday and plans to see US Secretary of Defense Leon Panetta on Thursday. The talks are expected to cover the two nations' overlapping strategic interests, which include the Syria crisis and Iran's nuclear ambitions.

 

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Muhtar Kent's New Coke

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Kent, photographed in his office at Coke's Atlanta headquarters on April 20. Photo: Ben Baker, Fortune
By Patricia Sellers - FORTUNE -
Muhtar Kent, the son of a Turkish diplomat, grew up in Thailand, India, and Iran, and he runs a company that operates in more than 200 countries. So it is rare for him to visit a place he's never been before. Yet as we travel by van out of Shenyang, a bustling metropolis of 7 million people, the Coca-Cola CEO quickly finds himself in uncharted territory: an increasingly desolate expanse of land in China's northeast, the nation's former rust belt. Then, eight kilometers from our destination, we are greeted by a ribbon of red banners -- 1,520 of them -- leading the way to a new bottling plant, Coke's 42nd in China and its largest to date. Hundreds of workers, all in bright red hats, cheer his arrival. "China will be Coke's largest market," Kent says. "I can't give you a time. But it will happen."
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